Best SBA 7(a) lenders for other direct selling establishments
The top SBA 7(a) lenders for other direct selling establishments (NAICS 454390) are BayFirst National Bank, Manufacturers and Traders Trust Company, Cadence Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 419 loans totaling $198.0M to businesses in this industry. Average loan size: $473K. Average rate: 6.46%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.73%.
Loans
419
Total $
$198.0M
Avg loan
$473K
Avg rate
6.46%
Avg term
136 mo
Industry chg-off rate
3.73%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 29 | $4.6M | $160K | 8.80% | 7.41% |
| 2 | Manufacturers and Traders Trust Company | 18 | $2.4M | $131K | 7.44% | 11.11% |
| 3 | Cadence Bank | 15 | $6.3M | $417K | 6.92% | 0.00% |
| 4 | Five Star Bank | 13 | $3.2M | $243K | 6.25% | 15.38% |
| 5 | TD Bank, National Association | 13 | $3.5M | $270K | 8.90% | 0.00% |
| 6 | The Huntington National Bank | 12 | $3.3M | $272K | 5.63% | 0.00% |
| 7 | Wells Fargo Bank National Association | 12 | $6.0M | $503K | 6.40% | 8.33% |
| 8 | U.S. Bank, National Association | 9 | $1.6M | $179K | 6.59% | 11.11% |
| 9 | Live Oak Banking Company | 9 | $12.9M | $1.4M | 6.83% | 0.00% |
| 10 | Harvest Small Business Finance, LLC | 8 | $4.2M | $521K | 6.53% | 0.00% |
| 11 | First Internet Bank of Indiana | 7 | $6.5M | $927K | 7.54% | 0.00% |
| 12 | Cross River Bank | 7 | $6.3M | $905K | 5.11% | 0.00% |
| 13 | Enterprise Bank & Trust | 6 | $9.2M | $1.5M | 4.71% | 0.00% |
| 14 | Customers Bank | 6 | $1.1M | $188K | 6.21% | 0.00% |
| 15 | Banner Bank | 6 | $2.3M | $380K | 5.58% | 16.67% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 454390. Charge-off rates are calculated on the FY2020–FY2023 cohort only.